Irish central bank will persist with housing measures despite public dissent
Macro-prudential curbs will not be sufficient to deal with housing imbalance, academic argues
Ireland's central bank will continue with macro-prudential measures aimed at the housing market despite public criticism, the bank's chief economist said in a speech today (December 1).
"Tentative evidence" suggested the loan-to-value (LTV) and loan-to-income (LTI) ratios for residential mortgages introduced in January had removed "froth" from property prices, Gabriel Fagan said.
Public criticism of the measures was growing, Fagan said, but the bank intended to persist with them. He said it was
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